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tackles the debt ceiling. sherrie johnson, abc2 news. >>> immediately after commenting on the house vote the president headed to andrews air force base in maryland and this is new video from overnight where he boarded the plane to fly to hawaii to rejoin his family. obama spent five days there before returning to the white house last thursday. >>> changes are coming to the health care for the coming year of 2013 the main is health insurance exchanges. they must be up and running by october 1st. only 18 states including maryland on thed to build their exchange. other things you need to watch out for, contributions to a flexible spending account is limited to 2500 dollars. you're allowed to deduct more unreimbursed medical cost when you file taxes but for that you have to itemize. >> 6:47. going back to school tomorrow could be tough for students and staff of sandy hook elementary. they are going back to class and they he won't return to the same building but will go to another school in a nearby town. desks and
tackles the debt ceiling. sherrie johnson, abc2 news. >>> immediately after commenting on the house vote the president headed to andrews air force base in maryland and this is new video from overnight where he boarded the plane to fly to hawaii to rejoin his family. obama spent five days there before returning to the white house last thursday. >>> changes are coming to the health care for the coming year of 2013 the main is health insurance exchanges. they must be up and...
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you heard the president also talking about or eluding to the debt ceiling, that's a fight the congress still has to deal with, as the president made reference to paying those bills we already incurred. john boehner was able to gather together 85 votes in favor of this bill, overwhelmingly passed in the stat. not as much -- most republicans voted against it in the house. in the end they were able to get it past. not mentioned as much but something that limb pact a lot of paychecks, remember that 2% payroll tax cut we enjoyed in the past year? that's not a part of this bill. payroll taxes going back up 2%. you will feel that in your checks starting this month. >> thanks. here's a recap of how the drama played out on your new year's day holiday. after the ball dropped around 2:00 a.m., the senate passed a deal. 30 minutes later, the president released a statement praising the agreement. around noon yesterday, vice president biden meets with the house democratic caucus and tries to sell the deal. then the gop convenes, and we are learn that republicans may be staging a revolt, they want to
you heard the president also talking about or eluding to the debt ceiling, that's a fight the congress still has to deal with, as the president made reference to paying those bills we already incurred. john boehner was able to gather together 85 votes in favor of this bill, overwhelmingly passed in the stat. not as much -- most republicans voted against it in the house. in the end they were able to get it past. not mentioned as much but something that limb pact a lot of paychecks, remember that...
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the debt ceiling is something congress has to vote on unless president obama does something we have never seen before. >> and republicans as we read the bottom of the screen, they are vowing to use the debt ceiling as leverage. is that going to work? do they have that leverage? we spoke with adam schiff and he said everybody has a little bit of leverage and everybody has to give a little bit. >> depends on what you mean by work. work for who? is it going to work to hold up a process where maybe they get more spending cuts? perhaps they will get more spending cuts in that respect. will it work for the party brand nationally? i'm not sure it will. the brand has taken a big hit with the debt ceiling fight and this one. i'm not sure it can get much lower nationally. for those numbers, they are not at risk unless they voted for that measure last night and would be at risk more of a primary. they don't have to worry about national elections. that's not what their concern is. on the politics, i'm not sure it works for everybody, especially house republicans on whether or not they extract spendin
the debt ceiling is something congress has to vote on unless president obama does something we have never seen before. >> and republicans as we read the bottom of the screen, they are vowing to use the debt ceiling as leverage. is that going to work? do they have that leverage? we spoke with adam schiff and he said everybody has a little bit of leverage and everybody has to give a little bit. >> depends on what you mean by work. work for who? is it going to work to hold up a process...
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republicans say they will fight raising the debt ceiling without significant spending cuts. >> the president has maxed out his credit card and he's not going to get an unlimited credit card. >> he is back in hawaii today but president obama feels congress spent the money and will have to raise taxes further. >> i will not have another debate with congress over whether or not they should pay the bills they have already racked up. >> of late this afternoon, house republican leaders backed down over their decision to postpone a force and the victims after both parties blasted lack of action. now, congress will vote on $9 billion in aid and additional aid later when congress officially returns to the new session. >> we are going to stick with the fiscal cliff for a moment because lawmakers are not the only ones sounding off about it. we have reaction from taxpayers to how much more they will still be paying. >> it is a huge concern not just for lawmakers but many americans. what does this deal really mean for me? we did not find a lot of people celebrating here in washington. >> i will have to p
republicans say they will fight raising the debt ceiling without significant spending cuts. >> the president has maxed out his credit card and he's not going to get an unlimited credit card. >> he is back in hawaii today but president obama feels congress spent the money and will have to raise taxes further. >> i will not have another debate with congress over whether or not they should pay the bills they have already racked up. >> of late this afternoon, house...
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. >> that is because this bill does not tackle anything like the debt ceiling were reaching their recent borrowing limit in a few months. the president is headed back to what he to continue his vacation but will soon be back here in washington. the new congress is expected to be sworn in. >> the time is 6:00 for -- 6:04 there'll be a swearing in ceremony at the washington convention center for d.c. council members. >> a prince george's county teacher is accused of sexually abusing a 13-year-old girl and is expected in court. he was arrested last month. he was the abused student's teacher. he is now on administrative leave. two men accused in the attack of a d.c. man there is to market head back to court for a hearing. they are accused of beating the man for himself last august. both are held without bond. let's get to some good news. everyone is excited for sunday. >> the redskins will be in the playoffs. that is a great feeling it after many years without. if you wanted ticket it will cost you? >> you will pay a pretty penny. you have waited seven years, 13 years, really, to see a play
. >> that is because this bill does not tackle anything like the debt ceiling were reaching their recent borrowing limit in a few months. the president is headed back to what he to continue his vacation but will soon be back here in washington. the new congress is expected to be sworn in. >> the time is 6:00 for -- 6:04 there'll be a swearing in ceremony at the washington convention center for d.c. council members. >> a prince george's county teacher is accused of sexually...
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whether to raise the debt ceiling. the bill congress passed delays automatic spending cuts from going into effect for twotw months, and didn't deal with the debt ceiling, many republicansrp are hoping for a bigger deal. >> i think that the president miss ad great opportunity, oneop of leadership, he has been re elected, he has four years left. and this will be part of his legacy, the failure to step up and do the big thing when he could. >> president obama promising to deal with the spending cuts, and yesterday, he warned republicans about getting into another political squabble. so how do average americans feel about the fiscal cliff deal? beth parker stopped by locallo diner where customers were dishing their thoughts. >> and how do you want youry eggs? >> reporter: they are working 24 hours a day at bob and edith's diner in arlington. the customers which congressi would do the staple. >> i'm really upset with congress right now.ig i just feel like it's a complete failure. >> reporter: they watched thethe nation edge
whether to raise the debt ceiling. the bill congress passed delays automatic spending cuts from going into effect for twotw months, and didn't deal with the debt ceiling, many republicansrp are hoping for a bigger deal. >> i think that the president miss ad great opportunity, oneop of leadership, he has been re elected, he has four years left. and this will be part of his legacy, the failure to step up and do the big thing when he could. >> president obama promising to deal with the...
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president obama says congress has an obligation to raise the debt ceiling. and that is not negotiable. >>> just days after u.s. officials blame the popularity of apple devices for a rise in crime, there was a heist in paris. armed robbers hit the main apple store there after it closed. they got away with more than $1 million in apple product, such as the iphone 5. $1 million worth. >>> but the iphone 5 is so last year, apparently. apple seems to be getting ready for this year. there's signs we could see another tim cook announcement this spring for an iphone 6. developers are seeing markers left behind by new devices left at apple headquarters. those markers say iphone 6. >> bigger, faster, stronger, everything. >>> and poor warren buffett, no longer the third-rich et billionaire. the bloomberg billionaire inthe exsays amancia ortega has a net worth of $57.5 billion. second-richest is bill gates with $63 billion. and number one is mexican telecommunications magnate carlos slim, with $75 billion. buffett falling to fourth. >> you are fifth on that list, right
president obama says congress has an obligation to raise the debt ceiling. and that is not negotiable. >>> just days after u.s. officials blame the popularity of apple devices for a rise in crime, there was a heist in paris. armed robbers hit the main apple store there after it closed. they got away with more than $1 million in apple product, such as the iphone 5. $1 million worth. >>> but the iphone 5 is so last year, apparently. apple seems to be getting ready for this year....
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the new congress will be sworn in later this week. there will be a number of issues they will have to tackle quickly. one thing this bill does not do is tackle the so-called dumping ceiling. the country will reach its borrowing limits in a matter of months if congress does not act. >> police say speed cameras slowed down drivers and looks like they are right. in is the day found speed cameras have reduced speeding and accidents on seven maryland roads. aaa which has criticized the program as a moneymaking machine, says montgomery and prince george's county counties have done a good job of tracking the balance for safety rather than just money. >> short and long term parking rates are increasing in parts of montgomery county. >> the price hike went into effect yesterday but it was a holiday so they technically will start today. this is for public parking in silver spring and no. but as the. areas where people like to go out and eat and shop -- silver spring abdnd bethesda. areas where people like to go out and eat and shop. monthly par
the new congress will be sworn in later this week. there will be a number of issues they will have to tackle quickly. one thing this bill does not do is tackle the so-called dumping ceiling. the country will reach its borrowing limits in a matter of months if congress does not act. >> police say speed cameras slowed down drivers and looks like they are right. in is the day found speed cameras have reduced speeding and accidents on seven maryland roads. aaa which has criticized the program...
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the debt ceiling. stock futures looking strong. so for wolfe street liking that a deal did get done. there was a year and rally on optimism that a deal would be reached. apple was the most search for returns policy online. five of the top 20 christmas gifts this year were a couple products. people who were pleasantly plump may have a lower risk of dying. the findings are being challenged because it doesn't consider gender or age. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> thank you very much. have a good day. is playoff time for the ravens once again. >> details as a chance for you to win two free tickets to sunny 's game.nday postgam don't forget to e-mail us your response to our water cooler question of the day. do you think having an armed police officer at every school in a district would increase safety? you can share your response on wbaltv.com, on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> here is a look at last
the debt ceiling. stock futures looking strong. so for wolfe street liking that a deal did get done. there was a year and rally on optimism that a deal would be reached. apple was the most search for returns policy online. five of the top 20 christmas gifts this year were a couple products. people who were pleasantly plump may have a lower risk of dying. the findings are being challenged because it doesn't consider gender or age. at the new york stock exchange, i'm jane king, bloomberg news,...
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president obama vows no repeat. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: but house rupp pushed back. >> if the president thinks he's not going to negotiate, he better thing again. he's president of the united states, not emperor of the planet. >> reporter: this could get scarier. >> it may take a default, another downgrade, the serious economic consequences that flow from it to jolt us back to some kind of reality, and that's a frightening prospect. >> reporter: and not a happy new year. congressional scholar norm orrin steen says it could look like a tribal war up here, and soon. live from the hill. >> stay with news4 for up-to-the minute information on fallout on efforts to avoid the fiscal cliff. we'll have more on how the agreement could impact families in our area, especially northern virginia. >>> new developments this afternoon in the battle over a multibillion dollar bill to prove aid to the states slammed by sandy. in the past hour, lawmakers planned to vote on $9 billion
president obama vows no repeat. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: but house rupp pushed back. >> if the president thinks he's not going to negotiate, he better thing again. he's president of the united states, not emperor of the planet. >> reporter: this could get scarier. >> it may take a default, another downgrade, the serious economic consequences that...
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the country is hitting the debt ceiling without raising it they would -- congress temporarily pushed off deep government spending cuts. >> there will be more deficit reduction as congress decides what to do with the automatic spending cuts we have now delayed for two months. >> reporter: we're already getting a look at how world markets are reacting to the legislation. more on that when i see you next. live in washington kyla campbell ktvu channel 2 news. >> we have much more on the fiscal cliff vote on our channel 2 website just go to ktvu.com. >>> this morning the taliban is comparing the plan withdraw of u.s. troops from afghanistan to the ebb of the vietnam war. in a statement they accused the u.s. of using it to declare victory and run strategy. and the u.s. is expected to leave a residual force in that country. a fatal shooting is under investigation. contra costa sheriffs deputies found a man in his 20s dead inside his apartment. investigators say it's unclear whether he committed suicide or the victim of an attack. before the shooting neighbors reported an armed man was argui
the country is hitting the debt ceiling without raising it they would -- congress temporarily pushed off deep government spending cuts. >> there will be more deficit reduction as congress decides what to do with the automatic spending cuts we have now delayed for two months. >> reporter: we're already getting a look at how world markets are reacting to the legislation. more on that when i see you next. live in washington kyla campbell ktvu channel 2 news. >> we have much more...
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. >> the rolling cliff, the debt ceiling conversation and the sequester. these are huge things. we will all be watching this again. >> right. we'll have the next congress to deal with. the major cuts. the ball is on the democrat side. i don't think they have the courage to make the cut. >> how does that play? we do have this transition here. how will this play out? >> you have a few more democrat senators. two more than last night. a little different make up in the house. but jordan is right. i have to say, the democrats have got to -- and they did on this one take on the most liberal parts of their party. to take on a lot more when it comes to some of these things. they are not popular and not easy. the reason everybody pushes the can down the road is because this is hard. a lot was done with this legislation. we dealt with the inheritance tax on this. everybody knew a two year tax holiday temporary holiday. you give people $1,000 and then tell them it's over, that isn't easy. >> i disagree, we did the easiest thing. we raised taxes on the rich. great. le
. >> the rolling cliff, the debt ceiling conversation and the sequester. these are huge things. we will all be watching this again. >> right. we'll have the next congress to deal with. the major cuts. the ball is on the democrat side. i don't think they have the courage to make the cut. >> how does that play? we do have this transition here. how will this play out? >> you have a few more democrat senators. two more than last night. a little different make up in the...
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the president talked about the debt ceiling, and he said he wasn't going to not pay the bills that congress has passed. i would remind the president these are for programs that he was the one that instigated. it's his health care law. i'm a doctor. that law continues to be unworkable, unpopular and unaffordable, and it's the president's stimulus package that i believe was a failure. >> well, many of the bills do predate 2008, but unfortunately we're out of time. i wished we could talk more. senator barrasso, thank you. >> thank you, victor. >>> alison kosik is at the new york stock exchange. 250 points many on the day, alison. >> how long will the good feel last? we'll be back after the break. where is flo? anybody know where flo is? are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price"
the president talked about the debt ceiling, and he said he wasn't going to not pay the bills that congress has passed. i would remind the president these are for programs that he was the one that instigated. it's his health care law. i'm a doctor. that law continues to be unworkable, unpopular and unaffordable, and it's the president's stimulus package that i believe was a failure. >> well, many of the bills do predate 2008, but unfortunately we're out of time. i wished we could talk...
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to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with the automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> we get to look forward to so much more. >>> victims of hurricane sandy will have to wait longer for help. lawmakers did not vote on a measure to provide aid to people affected by the storm. the senate hassocked more than $60 billion to the region, but house republicans say the price tag is too high and includes too much pork. >>> secretary of state clinton spending her fourth day in the hospital being treated for blood clots. chelsea clinton tweeted, thank you for all sending good thoughts my mom's day. grateful to her doctors and that she'll make a full recovery. still not clear how soon clinton will be able to go home. >>> overseas now, and gunman in northwest pakistan have am busheled a van, killing five pakistani teachers and two health workers. all but one were women. they were working for a p
to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with the automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> we get to look forward to so much more. >>> victims of hurricane sandy will have to wait longer for help. lawmakers did not vote on a measure to provide aid to people affected by the storm. the senate hassocked more than $60...
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it congress does not raise the debt ceiling the federal government will not be able to pay its bills and here is a look at the situation when the president took office and today, when it comes to the national debt. in january of '09 the debt stood at 10.6 trillion dollars, and by the end of the president's first term, the national debt has risen to more than 16.3 trillion dollars. that's about a 54% increase in over four years. but while the president acknowledges that the deficit and the debt are too high, he warns he is not budging when it comes to another debt ceiling increase. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already wracked up through the laws that they passed. >> the president hasn't had a budget in his entire presidency, no matter who was in charge in the house or senate and he doesn't want one. he will in fact be the greatest spending president of all time and there's no question at all. he plans to leave office with the trillion dollar a year of deficit hap
it congress does not raise the debt ceiling the federal government will not be able to pay its bills and here is a look at the situation when the president took office and today, when it comes to the national debt. in january of '09 the debt stood at 10.6 trillion dollars, and by the end of the president's first term, the national debt has risen to more than 16.3 trillion dollars. that's about a 54% increase in over four years. but while the president acknowledges that the deficit and the debt...
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congress has to increase the debt ceiling or we will default, the u.s. will default on its obligations. that can't happen. the other thing is the spending cuts that you mentioned, they're only now averted for two months so congress has to deal with that and then the other thing is there's sort of a chunk of things that congress wants to deal with that the president wants to deal with that they'll attach to the things that have these hard and fast deadlines dealing with the long-term fiscal health of the country through entitlement reform, social security and medicare and tax reform. it is a lot to accomplish in the next couple of months >> as we look toward, down that long road, tell me, brianna, some of the winners and losers from this whole thing. >> this is obvious some of the losers are obvious, if you earn $450,000 or more than that you'll see your taxes take a hit, $400,000 for individuals. if you itemize deductions and making as a couple $300,000 or more or as an individual, $250,000 or more, you will see your pay take or your income take a hit th
congress has to increase the debt ceiling or we will default, the u.s. will default on its obligations. that can't happen. the other thing is the spending cuts that you mentioned, they're only now averted for two months so congress has to deal with that and then the other thing is there's sort of a chunk of things that congress wants to deal with that the president wants to deal with that they'll attach to the things that have these hard and fast deadlines dealing with the long-term fiscal...
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and then, of course, we had the debt ceiling showdown. then it culminated with this fiscal cliff and created what's coming in march. what's coming in march, matt, take all the fights we had separately and put them all in one fight and expiring all at the same time, debt ceiling, funding the entire federal government, that expires. >> and i thought david brooks column was powerful and eye opening. kelly mentioned something he said but he said if congress couldn't make a single tough decision under these circumstances, why should we think it will make any further down the road? more likely, there will just be more squabbling and brinkmanship, more posturing and punting, which would not only poison future budget talks, chuck but also prospects for immigration reform, tax reform, gun control and many other projects. not a rosie picture. >> it isn't. i'm trying to figure out the relationship between, for instance, house speaker john boehner and the white house is terrible. let's not pretend they can get anything done. yet you still have to get
and then, of course, we had the debt ceiling showdown. then it culminated with this fiscal cliff and created what's coming in march. what's coming in march, matt, take all the fights we had separately and put them all in one fight and expiring all at the same time, debt ceiling, funding the entire federal government, that expires. >> and i thought david brooks column was powerful and eye opening. kelly mentioned something he said but he said if congress couldn't make a single tough...
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congress voted to raise the debt limit 11 times since 2001. i saw you shaking your head, tucker. >> of course we had this almost 100 years. this was created when we issued debt to fund the first world war. we're not getting rid of the debt ceiling. factual point i think alan misstated here. the credit rating was not downgraded over fiscal cliff because our balance books were out of whack. the rating agency said so at the time. u.s. government's debt to be too big. by the way to be totally clear and viewers may not understand this, the official debt number doesn't include entitlement obligations or mortgages held by fannie and freddie. it is a fraction of actual debt. actually debt is $16.4 trillion. ratings said again and again. that is too much a large percentage of your gdp if you want to reassure markets get your debt lowered. >> moody's said uncertainty created by the congress could not come to a deal and played around with the issue of the debt ceili continually raised every single time it come up in the past except for when president oba
congress voted to raise the debt limit 11 times since 2001. i saw you shaking your head, tucker. >> of course we had this almost 100 years. this was created when we issued debt to fund the first world war. we're not getting rid of the debt ceiling. factual point i think alan misstated here. the credit rating was not downgraded over fiscal cliff because our balance books were out of whack. the rating agency said so at the time. u.s. government's debt to be too big. by the way to be totally...
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when the sequestration runs out next few months and congress must vote to increase the debt ceiling. it appears speaker boehner is fwirding for a fight on both fronts in a statement that he issued last night. he said in part, quote, now the focus turns to spending. the american people reelected a republican majority in the house and we will use it in 2013 to hold the president accountable for the quote, balanced approach he promised. meaning significant spending cuts and reforms to entitlement programs that are driving our country deeper and deeper into debt. the president last night indicate he is open to come promy to spending cuts but drew a line when it comes to the debt ceiling. here's the president. >> now, one last point i want to make. while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat. we can't not pay bills that we have already incurred. >> reporter: that in turn drew this response from conservative republica
when the sequestration runs out next few months and congress must vote to increase the debt ceiling. it appears speaker boehner is fwirding for a fight on both fronts in a statement that he issued last night. he said in part, quote, now the focus turns to spending. the american people reelected a republican majority in the house and we will use it in 2013 to hold the president accountable for the quote, balanced approach he promised. meaning significant spending cuts and reforms to entitlement...
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and then there's the $16.4 trillion debt ceiling. we just hit it according to the treasury secretary and the president already drawing the line in the sand for that fight. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. if congress refuses to give the united states government the ability to pay these bills on time, the consequences would be catastrophic. >> brianna kealar is live from washington working triple duty for us. so tell us more about what is not included in this deal and what battles are now looming in congress. >> let's say first what is in the deal that is important to note. and that is that when you're talking about these tax cuts that have been extended for people making $3450,000 or less as a couple $400,000 or less as an individual, they're prmly extended. so that's pretty significant because that isn't just some stop gap one year, two year measure. the issues that aren't tackled are what the fiscal cliff was supposed to serve as an in
and then there's the $16.4 trillion debt ceiling. we just hit it according to the treasury secretary and the president already drawing the line in the sand for that fight. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. if congress refuses to give the united states government the ability to pay these bills on time, the consequences would be catastrophic. >> brianna kealar is live from washington...
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ceiling. >> if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. >> reporter: and while things look good upon wall street today, investors say don't get used to it if congress remains so divided. live in washington, kyla campbell, ktvu channel 2 news. >> we have much more on last night's fiscal cliff vote on our channel 2 website. go to ktvu.com, click on the tab right there on the front page. >>> happening right now, some members of congress are now on the floor of the house of representatives calling for a vote on legislation to help the victims of superstorm sandy. those lawmakers are furious because the republican house leadership ended last night's session without voting on the sandy bill. new york congressman peter king calls it a cruel knife in the back. >> i have to go home this weekend and next week and the week after and see the hundreds and thousands of people who are out of their homes, who don't have shelter, who don
ceiling. >> if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. >> reporter: and while things look good upon wall street today, investors say don't get used to it if congress remains so divided. live in washington, kyla campbell, ktvu channel 2 news. >> we have much more on last night's fiscal cliff vote on our channel...
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to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> so basically they just worked out the tax code here. they've got the spending cuts coming up in the next couple of months. but republicans in the house didn't really like it. they voted just about 2-1 against it. but this gives them a little leverage coming up when they start negotiating for the spending cuts. i thought it was interesting, two that did vote for it, the speaker of the house, john boehner, and former vice presidential candidate paul ryan voted for the bill. against it, marco rubio. so that sets up a nice dynamic for 2016. >> no doubt about it. to put it very simple, they kicked the can down the road a little bit. we're going to catch back up with it and deal with it again. >> one other quick note, i think everybody will take a little bit of a hit because the expiration of the payroll tax
to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> so basically they just worked out the tax code here. they've got the spending cuts coming up in the next couple of months. but republicans in the house didn't really like it. they voted just about 2-1 against it. but this gives them a little...
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congress now needs to raise the debt ceiling, he says, so the government can keep paying its bills. if not, he says the consequences could be far worse than the impact of the fiscal cliff. >>> secretary of state hillary rodham clinton will fully recov recover, doctors are confident, from a blood clot in her head. she is said to be in good spirits and making excellent progress. the blood clot behind her right ear formed after a concussion from a fall. >>> justin bieber's sports car. he was not in the car at the time. the photographer was struck by another vehicle as he returned to his own car. officials say no charges are expected against the driver who hit him. >>> today an open house is being held in connecticut at a repurpose school for survivors of last month's sandy hook elementary massacre. teachers and other workers have been busy get thing the space ready for the students, painting and moving furniture. classes at the new facility begin tomorrow. counselors say it's important for children to get back into a normal routine. >>> if your new year's resolution is to lose a few po
congress now needs to raise the debt ceiling, he says, so the government can keep paying its bills. if not, he says the consequences could be far worse than the impact of the fiscal cliff. >>> secretary of state hillary rodham clinton will fully recov recover, doctors are confident, from a blood clot in her head. she is said to be in good spirits and making excellent progress. the blood clot behind her right ear formed after a concussion from a fall. >>> justin bieber's sports...